HSBC Fired Veep For Whistleblowing, Suit Says

Law360, New York (December 12, 2012, 6:43 PM EST) -- A former HSBC Bank USA NA vice president filed a suit in New York federal court Tuesday alleging the bank wrongfully terminated him in retaliation for reporting suspected fraudulent accounts used for money laundering.

John Cruz, who also served as a senior business relations manager, says he began work at the bank in 2008 and managed a large portfolio of clients in the Long Island, N.Y., area. Cruz started reporting suspicious transactions in July 2009, and was ignored or coerced by supervisors when he attempted to...
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